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Litigation may be expensive, but it's not entirely unpredictable. Corporate law departments are turning to litigation budgets to drive efficiency and cut down on one thing that's sure to cause them trouble: a surprise.
The chief judge of the U.S. Court of Appeals for the Ninth Circuit, who posted sexually explicit photos and videos on the Internet, has been admonished but not punished further by a panel of his peers.
Blank Rome LLP announced Thursday that it would be cutting new associate salaries by $15,000 in five offices and older associate salaries by 2 percent to 10 percent, blaming unfavorable market conditions.
U.S. law firms are holding off on tying the knot with other firms — a trend illustrated by a drop in merger and acquisition activity during the second quarter of 2009 compared to previous second quarters, according to a legal industry survey.
With law firm pay cuts becoming a near-daily occurrence, Schnader Harrison Segal & Lewis LLP revealed Wednesday that it would be slashing salaries across the board for all associates and partners, while Alston & Bird LLP opted to trim $5,000 from associates' pay.
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